Anfield Dynamic Fixed Income Fund (ADFI)

Overview

The fund in question operates as an actively managed exchange-traded fund (ETF) that adopts a "fund of funds" strategy. This strategic approach entails investing mainly in securities of other ETFs. The primary focus of this fund is to diversify its investment portfolio across various segments of the global debt markets. It achieves this diversification by investing in a broad spectrum of debt instruments through other unaffiliated ETFs. The fund is committed to allocating at least 80% of its net assets, this includes funds borrowed for investment purposes, in investing in other ETFs that have a focus on global debt markets. This wide-ranging investment approach allows the fund to spread its investments across different types of debt instruments, thereby aiming to manage risk and seek returns from various sources.

Products and Services

The ETF primarily offers investment opportunities in the following areas:

• Corporate Bonds: These are debt securities issued by corporations to fund their business operations. Investing in corporate bonds is a way for the fund to gain exposure to the financial performance and credit risk of various corporations around the world.
• U.S. Government and Agency Securities: This includes investments in debt instruments issued or guaranteed by the U.S. government or its agencies. These are considered lower-risk investments due to the backing by the U.S. government.
• Private Debt: The fund also invests in private debt, which consists of loans and debt securities that are not traded on public markets. This type of investment can offer higher returns but comes with higher risk.
• Foreign Sovereign Bonds: These are bonds issued by foreign governments. Investing in foreign sovereign bonds allows the fund to diversify its portfolio internationally and gain exposure to the economic and financial health of other countries.
• Convertible Securities: These are hybrid securities that offer the opportunity to convert into a predetermined number of shares of the issuing company, typically at the choice of the holder. Convertibles combine the income potential of bonds with the growth potential of stocks.
• Bank Loans: The fund invests in loans made by financial institutions to corporations. These are often floating rate loans, meaning the interest rate can change over time, which can be beneficial in rising rate environments.
• Asset-Backed Securities (ABS) and Mortgage-Backed Securities (MBS): ABS and MBS are types of securities backed by financial assets, such as loans or mortgages. These investments can offer regular income and are influenced by the performance of the underlying assets.
• Cash Equivalent Instruments: These are short-term, highly liquid investments with maturities usually less than 90 days. Investing in cash equivalents allows the fund to manage its liquidity and mitigate risk.